Details about James Yetman

Phone:	(852) 2982-7152
Postal address:	Bank for International Settlements, Representative Office for Asia and the Pacific, 78th Floor, Two International Finance Centre, 8 Finance Street, Central, Hong Kong
Workplace:	Bank for International Settlements (BIS), (more information at EDIRC)

Access statistics for papers by James Yetman.

Last updated 2025-04-07. Update your information in the RePEc Author Service.

Short-id: pye6

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Working Papers

2025

1. The role of geopolitics in international trade
   BIS Working Papers, Bank for International Settlements

2021

2. A global database on central banks' monetary responses to Covid-19
   BIS Working Papers, Bank for International Settlements View citations (9)

2020

3. De jure benchmark bonds
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   Also in BIS Working Papers, Bank for International Settlements (2019)
   See also Journal Article De jure Benchmark Bonds, International Journal of Central Banking, International Journal of Central Banking (2022) (2022)
4. Pass-through from short-horizon to long-horizon inflation expectations, and the anchoring of inflation expectations
   BIS Working Papers, Bank for International Settlements View citations (8)
5. Volatility spillovers and capital buffers among the G-SIBs
   BIS Working Papers, Bank for International Settlements
6. Which credit gap is better at predicting financial crises? A comparison of univariate filters
   BIS Working Papers, Bank for International Settlements View citations (7)
   See also Journal Article Which Credit Gap Is Better at Predicting Financial Crises? A Comparison of Univariate Filters, International Journal of Central Banking, International Journal of Central Banking (2021) View citations (7) (2021)

2019

7. Accumulation of Foreign Currency Reserves and Risk-taking
   Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University
   Also in BIS Working Papers, Bank for International Settlements (2018)
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2019)
   See also Journal Article Accumulation of foreign currency reserves and risk-taking, Journal of International Money and Finance, Elsevier (2020) View citations (4) (2020)

2018

8. Anchoring of Inflation Expectations in Latin America
   Working Papers, Banco Central de Reserva del Perú
9. Assessing inflation expectations anchoring for heterogeneous agents: analysts, businesses and trade unions
   BIS Working Papers, Bank for International Settlements View citations (4)
   See also Journal Article Assessing inflation expectations anchoring for heterogeneous agents: analysts, businesses and trade unions, Applied Economics, Taylor & Francis Journals (2019) View citations (6) (2019)
10. Inflation Expectations Anchoring Across Different Types of Agents: the Case of South Africa
    IMF Working Papers, International Monetary Fund View citations (12)
11. The perils of approximating fixed-horizon inflation forecasts with fixed-event forecasts
    BIS Working Papers, Bank for International Settlements View citations (8)
12. Why you should use the Hodrick-Prescott filter - at least to generate credit gaps
    BIS Working Papers, Bank for International Settlements View citations (80)

2017

13. The evolution of inflation expectations in Japan
    BIS Working Papers, Bank for International Settlements View citations (21)
    Also in CIS Discussion paper series, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University (2017) View citations (18)
    See also Journal Article The evolution of inflation expectations in Japan, Journal of the Japanese and International Economies, Elsevier (2017) View citations (18) (2017)

2015

14. Foreign exchange intervention: strategies and effectiveness
    BIS Working Papers, Bank for International Settlements View citations (23)
15. The evolution of inflation expectations in Canada and the US
    BIS Working Papers, Bank for International Settlements View citations (5)
    See also Journal Article The evolution of inflation expectations in Canada and the US, Canadian Journal of Economics, Canadian Economics Association (2017) View citations (20) (2017)

2014

16. 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)
17. Financial inclusion and optimal monetary policy
    BIS Working Papers, Bank for International Settlements View citations (37)
18. Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
    Also in BIS Working Papers, Bank for International Settlements (2014) View citations (36)
    See also Journal Article Globalisation, pass-through and the optimal policy response to exchange rates, Journal of International Money and Finance, Elsevier (2014) View citations (38) (2014)
19. Spillovers of US unconventional monetary policy to Asia: the role of long-term interest rates
    BIS Working Papers, Bank for International Settlements View citations (41)

2013

20. Asia’s decoupling: fact, forecast or fiction?
    BIS Working Papers, Bank for International Settlements View citations (1)
21. Capital Controls, Global Liquidity Traps and the International Policy Trilemma
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Capital Controls, Global Liquidity Traps, and the International Policy Trilemma, Scandinavian Journal of Economics, Wiley Blackwell (2014) View citations (38) (2014)
22. Do economies stall? The international evidence
    BIS Working Papers, Bank for International Settlements View citations (3)

2012

23. Does US GDP stall?
    BIS Working Papers, Bank for International Settlements View citations (7)

2011

24. Weathering the financial crisis: good policy or good luck?
    BIS Working Papers, Bank for International Settlements View citations (41)

2010

25. Leverage Constraints and the International Transmission of Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (261)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (255)
    RBA Research Discussion Papers, Reserve Bank of Australia (2009) View citations (25)
    Working Papers, Hong Kong Institute for Monetary Research (2010) View citations (258)
    See also Journal Article Leverage Constraints and the International Transmission of Shocks, Journal of Money, Credit and Banking, Blackwell Publishing (2010) View citations (256) (2010)

2009

26. Consumption And Real Exchange Rates In Professional Forecasts
    Working Paper, Economics Department, Queen's University View citations (16)
    Also in BIS Working Papers, Bank for International Settlements (2009) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (16)
    See also Journal Article Consumption and real exchange rates in professional forecasts, Journal of International Economics, Elsevier (2012) View citations (22) (2012)
27. Hong Kong Consumer Prices are Flexible
    Working Papers, Hong Kong Institute for Monetary Research View citations (6)

2007

28. The Curse Of Irving Fisher (professional Forecasters' Version)
    Working Paper, Economics Department, Queen's University View citations (3)

2005

29. Discretionary Policy, Potential Output Uncertainty, and Optimal Learning
    Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand View citations (3)
30. The long-run output-inflation trade-off in the presence of menu costs
    Computing in Economics and Finance 2005, Society for Computational Economics

2003

31. Currency Unions, Trade Flows, and Capital Flows
    Working Papers, Hong Kong Institute for Monetary Research
    See also Journal Article CURRENCY UNIONS, TRADE FLOWS AND CAPITAL FLOWS, Pacific Economic Review, Wiley Blackwell (2007) (2007)
32. The Believability of Central Bank Forecasts
    Computing in Economics and Finance 2003, Society for Computational Economics
33. The credibility of the monetary policy "free lunch"
    Working Paper Series, European Central Bank View citations (4)
    See also Journal Article The credibility of the monetary policy "free lunch", Journal of Macroeconomics, Elsevier (2005) View citations (5) (2005)

2002

34. Price Setting and Exhange Rate Pass-Through
    Working Papers, Hong Kong Institute for Monetary Research View citations (50)

2001

35. Gaining Credibility for Inflation Targets
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (2)
    Also in Staff Working Papers, Bank of Canada (2001) View citations (3)
36. Predetermined Prices and the Persistent Effects of Money on Output
    Staff Working Papers, Bank of Canada View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (5)
    See also Journal Article Predetermined Prices and the Persistent Effects of Money on Output, Journal of Money, Credit and Banking, Blackwell Publishing (2003) View citations (34) (2003)

2000

37. Identifying Policy-makers' Objectives: An Application to the Bank of Canada
    Staff Working Papers, Bank of Canada View citations (6)
38. PROBING POTENTIAL OUTPUT: MONETARY POLICY, CREDIBILITY AND OPTIMAL LEARNING UNDER UNCERTAINTY
    Computing in Economics and Finance 2000, Society for Computational Economics View citations (2)
    Also in Staff Working Papers, Bank of Canada (2000) View citations (3)
    See also Journal Article Probing potential output: Monetary policy, credibility, and optimal learning under uncertainty, Journal of Macroeconomics, Elsevier (2003) View citations (13) (2003)

Journal Articles

2024

1. Deconstructing global trade: the role of geopolitical alignment
   BIS Quarterly Review, 2024 View citations (2)

2022

2. De jure Benchmark Bonds
   International Journal of Central Banking, 2022, 18, (3), 89-124
   See also Working Paper De jure benchmark bonds, CAMA Working Papers (2020) (2020)
3. What's Up with Inflation Expectations?
   Australian Economic Review, 2022, 55, (1), 136-140

2021

4. Which Credit Gap Is Better at Predicting Financial Crises? A Comparison of Univariate Filters
   International Journal of Central Banking, 2021, 17, (70), 31 View citations (7)
   See also Working Paper Which credit gap is better at predicting financial crises? A comparison of univariate filters, BIS Working Papers (2020) View citations (7) (2020)

2020

5. Accumulation of foreign currency reserves and risk-taking
   Journal of International Money and Finance, 2020, 102, (C) View citations (4)
   See also Working Paper Accumulation of Foreign Currency Reserves and Risk-taking, Discussion paper series (2019) (2019)

2019

6. Assessing inflation expectations anchoring for heterogeneous agents: analysts, businesses and trade unions
   Applied Economics, 2019, 51, (41), 4499-4515 View citations (6)
   See also Working Paper Assessing inflation expectations anchoring for heterogeneous agents: analysts, businesses and trade unions, BIS Working Papers (2018) View citations (4) (2018)
7. Symposia on Challenges for Emerging Asia: Capital Flows and Quality Growth
   Pacific Economic Review, 2019, 24, (2), 185-186

2018

8. Are inflation targets credible? A novel test
   Economics Letters, 2018, 167, (C), 67-70 View citations (4)
9. 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)

2017

10. The evolution of inflation expectations in Canada and the US
    Canadian Journal of Economics, 2017, 50, (3), 711-737 View citations (20)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2017, 50, (3), 711-737 (2017) View citations (19)
    See also Working Paper The evolution of inflation expectations in Canada and the US, BIS Working Papers (2015) View citations (5) (2015)
11. The evolution of inflation expectations in Japan
    Journal of the Japanese and International Economies, 2017, 46, (C), 53-68 View citations (18)
    See also Working Paper The evolution of inflation expectations in Japan, BIS Working Papers (2017) View citations (21) (2017)

2015

12. Financial inclusion - issues for central banks
    BIS Quarterly Review, 2015 View citations (78)

2014

13. Capital Controls, Global Liquidity Traps, and the International Policy Trilemma
    Scandinavian Journal of Economics, 2014, 116, (1), 158-189 View citations (38)
    See also Working Paper Capital Controls, Global Liquidity Traps and the International Policy Trilemma, NBER Working Papers (2013) View citations (3) (2013)
14. Currency Boards when Interest Rates are Zero
    Pacific Economic Review, 2014, 19, (1), 135-151 View citations (4)
15. Do economies stall?
    Applied Economics, 2014, 46, (35), 4267-4275 View citations (2)
16. Globalisation, pass-through and the optimal policy response to exchange rates
    Journal of International Money and Finance, 2014, 49, (PA), 104-128 View citations (38)
    See also Working Paper Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates, NBER Working Papers (2014) View citations (36) (2014)

2013

17. Asia's Decoupling: Fact, Fairytale or Forecast?
    Pacific Economic Review, 2013, 18, (3), 321-344 View citations (2)
18. ESTIMATING DYNAMIC EULER EQUATIONS WITH MULTIVARIATE PROFESSIONAL FORECASTS
    Economic Inquiry, 2013, 51, (1), 445-458 View citations (3)

2012

19. Consumption and real exchange rates in professional forecasts
    Journal of International Economics, 2012, 86, (1), 33-42 View citations (22)
    See also Working Paper Consumption And Real Exchange Rates In Professional Forecasts, Working Paper (2009) View citations (16) (2009)
20. The expansion of central bank balance sheets in emerging Asia: what are the risks?
    BIS Quarterly Review, 2012 View citations (44)

2011

21. Exporting recessions: International links and the business cycle
    Economics Letters, 2011, 110, (1), 12-14 View citations (31)

2010

22. Leverage Constraints and the International Transmission of Shocks
    Journal of Money, Credit and Banking, 2010, 42, (s1), 71-105 View citations (256)
    Also in Journal of Money, Credit and Banking, 2010, 42, (s1), 71-105 (2010) View citations (50)
    See also Working Paper Leverage Constraints and the International Transmission of Shocks, NBER Working Papers (2010) View citations (261) (2010)
23. Price adjustment and exchange rate pass-through
    Journal of International Money and Finance, 2010, 29, (1), 181-200 View citations (124)

2008

24. The long-run output-inflation trade-off with menu costs
    The North American Journal of Economics and Finance, 2008, 19, (3), 261-273 View citations (1)

2007

25. CURRENCY UNIONS, TRADE FLOWS AND CAPITAL FLOWS
    Pacific Economic Review, 2007, 12, (2), 189-204
    See also Working Paper Currency Unions, Trade Flows, and Capital Flows, Working Papers (2003) (2003)
26. Explaining hump-shaped inflation responses to monetary policy shocks
    Managerial and Decision Economics, 2007, 28, (6), 605-617 View citations (4)
27. The real effects of inflation in continuous versus discrete time sticky price models
    Managerial and Decision Economics, 2007, 28, (6), 633-638 View citations (1)

2006

28. Are speed limit policies robust?
    Journal of Macroeconomics, 2006, 28, (4), 665-679 View citations (6)
29. Shock size, asymmetries, and state dependent pricing
    Economics Letters, 2006, 90, (3), 440-445 View citations (1)

2005

30. The credibility of the monetary policy "free lunch"
    Journal of Macroeconomics, 2005, 27, (3), 434-451 View citations (5)
    See also Working Paper The credibility of the monetary policy "free lunch", Working Paper Series (2003) View citations (4) (2003)

2004

31. SUICIDAL TERRORISM AND DISCRIMINATORY SCREENING: AN EFFICIENCY-EQUITY TRADE-OFF
    Defence and Peace Economics, 2004, 15, (3), 221-230 View citations (3)
32. Speed Limit Policies and Interest Rate Smoothing
    Economics Bulletin, 2004, 5, (17), 1-6
33. The evolution of consensus in macroeconomic forecasting
    International Journal of Forecasting, 2004, 20, (3), 461-473 View citations (11)

2003

34. Fixed prices versus predetermined prices and the equilibrium probability of price adjustment
    Economics Letters, 2003, 80, (3), 421-427 View citations (10)
35. Predetermined Prices and the Persistent Effects of Money on Output
    Journal of Money, Credit and Banking, 2003, 35, (5), 729-41 View citations (34)
    See also Working Paper Predetermined Prices and the Persistent Effects of Money on Output, Staff Working Papers (2001) View citations (5) (2001)
36. Probing potential output: Monetary policy, credibility, and optimal learning under uncertainty
    Journal of Macroeconomics, 2003, 25, (3), 311-330 View citations (13)
    See also Working Paper PROBING POTENTIAL OUTPUT: MONETARY POLICY, CREDIBILITY AND OPTIMAL LEARNING UNDER UNCERTAINTY, Computing in Economics and Finance 2000 (2000) View citations (2) (2000)

2002

37. Identifying a policymaker's target: an application to the Bank of Canada
    Canadian Journal of Economics, 2002, 35, (2), 239-256 View citations (5)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2002, 35, (2), 239-256 (2002)
38. Menu costs and the long-run output-inflation trade-off
    Economics Letters, 2002, 76, (1), 95-100 View citations (54)

2001

39. Testing for Forecast Consensus
    Journal of Business & Economic Statistics, 2001, 19, (1), 34-43 View citations (15)

Books

2023

1. The two-regime view of inflation
   BIS Papers, Bank for International Settlements View citations (11)

Chapters

2020

1. The pass-through from short-horizon to long-horizon inflation expectations
   A chapter in Inflation dynamics in Asia and the Pacific, 2020, vol. 111, pp 55-66 View citations (5)

2019

2. The rise of benchmark bonds in emerging Asia
   A chapter in Asia-Pacific fixed income markets: evolving structure, participation and pricing, 2019, vol. 102, pp 67-79

2018

3. Adapting monetary policy to increasing financial inclusion
   A chapter in The role of data in supporting financial inclusion policy, 2018, vol. 47 View citations (2)
4. Does the accumulation of foreign currency reserves affect risk-taking? An event study approach
   A chapter in The price, real and financial effects of exchange rates, 2018, vol. 96, pp 41-52

2017

5. Discussion of Monetary Policy and Financial Stability
   A chapter in Monetary Policy and Financial Stability in a World of Low Interest Rates, 2017

2016

6. A comparison of liquidity management tools in seven Asian economies
   A chapter in Expanding the boundaries of monetary policy in Asia and the Pacific, 2016, vol. 88, pp 33-58 View citations (3)
7. Foreword
   A chapter in Expanding the boundaries of monetary policy in Asia and the Pacific, 2016, vol. 88, pp iii-vi
8. Inflation expectations and monetary policy
   A chapter in Inflation mechanisms, expectations and monetary policy, 2016, vol. 89, pp 41-67 View citations (15)

2014

9. 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)
10. Responding to exchange rates in a globalised world
    A chapter in Globalisation, inflation and monetary policy in Asia and the Pacific, 2014, vol. 77, pp 97-117 View citations (3)

2012

11. Expanding central bank balance sheets in emerging Asia: a compendium of risk and some evidence
    A chapter in Are central bank balance sheets in Asia too large?, 2012, vol. 66, pp 30-75 View citations (54)
12. Is monetary policy constrained by fiscal policy?
    A chapter in Fiscal policy, public debt and monetary policy in emerging market economies, 2012, vol. 67, pp 11-30 View citations (4)
13. Key facts on central bank balance sheets in Asia and the Pacific
    A chapter in Are central bank balance sheets in Asia too large?, 2012, vol. 66, pp 10-29 View citations (10)

2011

14. Chapter 10 The Decoupling of Asia-Pacific?
    A chapter in The Evolving Role of Asia in Global Finance, 2011, pp 235-253
15. Introduction
    A chapter in Currency internationalisation: lessons from the global financial crisis and prospects for the future in Asia and the Pacific, 2011, vol. 61, pp 1-3

2010

16. Financial deleveraging and the international transmission of shocks
    A chapter in The international financial crisis and policy challenges in Asia and the Pacific, 2010, vol. 52, pp 274-298 View citations (11)
17. The international financial crisis: timeline, impact and policy responses in Asia and the Pacific
    A chapter in The international financial crisis and policy challenges in Asia and the Pacific, 2010, vol. 52, pp 21-82 View citations (30)

2001

18. Productivity growth and prices in Canada: what can we learn from the US experience?
    A chapter in Empirical studies of structural changes and inflation, 2001, vol. 03, pp 29-48 View citations (3)