Open research questions in Monetary Policy and Economic Impact
512 gap statements mined from Monetary Policy and Economic Impact papers in our 7.9M-paper local library, which holds 7,369 papers on the topic — drawn mostly from each paper's own stated research gap, future-work, challenge and limitation notes, and its abstract. The ones listed below are a selection still marked open; each names the study that raised it, with a DOI link where the paper has one.
Choosing where to publish on Monetary Policy and Economic Impact? See the ranked Economics journals.
What the literature leaves open
The existing literature does not provide a timely and detailed estimate of GDP. The delay in GDP releases makes it difficult to observe the present state of the economy. The paper identifies a need for a methodology that can generate model-consistent estimates for missing observations in the flow of data.
The NARDL results indicate that, during this period, INFR− (declining inflation) had a mildly positive point estimate but was insufficient to offset the external shock.
Inflation Threshold for Vietnam: Evidence from Threshold Regression and NARDL with Quarterly Data · 2026 · DOIFuture research could explore similar analyses using other globally traded homogeneous goods to further validate these findings. As such, we have constructed a new dataset, consisting of APPs, as well as their associated transaction or input costs, to evaluate what relationships and dynamics (that have not been explored in existing publications) can be revealed.
Future research could address these limitations through dynamic or causal modelling and rolling or expanding forecast evaluations over multiple economic regimes.
Semiparametric Panel Generalized Additive Models for Separate Forecasting of GDP Growth and Inflation in African Economies · 2026 · DOIThe requirement for credible policy actions and the distributional effects of increased uncertainty stemming from the real money supply’s future trajectory should be studied by economists and policymakers.
Future research may explore the integration of structural macroeconomic variables into the factor structure or extend the analysis to other emerging and middle-income economies to assess the generality of these findings.
Future research should examine institutional-digital complementarities through interaction and nonlinear models and assess whether the observed pattern extends to other energy-rich emerging economies.
Institutional and Digital Predictors of Private Sector Credit in Azerbaijan: An Elastic Net Approach · 2026 · DOIAlthough the Gaussian forecasting framework provides a practical and stable approach in the present small-sample setting, several alternative modeling strategies could be explored in future research.
When Does Central Bank Communication Matter? Textual Information, Dynamics, and Regularization · 2026 · DOIAs a result, satisfying the condition λnnγ−1 → ∞ is insufficient to suppress the noise.
The policy recommendations based on the findings are; where the simple act of raising or lowering the MPR is insufficient; policymakers must manage the expectations and real economic environment that influence the RIR and NIR to ensure capital market stability.
The study does not address the potential limitations of the Regularized Vector Autoregressive models. The study does not provide a detailed analysis of the robustness of the results.
Regularized Vector Autoregressive Model for the Assessment of Macroeconomic Variables Associated with Inflation in Nigeria · 2026 · DOIThere is a gap in literature on the application of regularized methods to study inflation in Nigeria. Most studies on inflation in Nigeria rely on the traditional VAR model and do not adequately address multicollinearity.
Regularized Vector Autoregressive Model for the Assessment of Macroeconomic Variables Associated with Inflation in Nigeria · 2026 · DOIThe relationship between trade deficits and public debt is complex and not well understood. There is a need for effective fiscal and monetary policymaking to support long-term debt sustainability.
Assessing the impact of trade deficits on public debt in Asian economies under inflation volatility · 2026 · DOIThe lack of empirical evidence on the relationship between parallel market exchange rate premiums and retail pricing strategies in South Sudan. The need to understand the impact of exchange rate dynamics on retail business performance.
Parallel market premiums as retail pricing determinants: Empirical evidence from South Sudan's dual exchange rate economy · 2026 · DOIThere is a lack of studies examining the impact of monetary policy announcements on exchange rate volatility in emerging markets. The paper identifies a gap in the literature regarding the comparison of the impacts of advanced and emerging market economies' monetary policies on exchange rate volatility.
Future research can apply the proposed model to other financial datasets. Future research can explore the use of other estimation methods. Future research can investigate the use of the model in other fields.
Large‐Dimensional Cointegrated Threshold Factor Models: The Global Term Structure of Interest Rates · 2026 · DOIThe paper identifies a need for a model that can account for cointegration between group-specific factors.
Large‐Dimensional Cointegrated Threshold Factor Models: The Global Term Structure of Interest Rates · 2026 · DOIThe study highlights the need for a comprehensive meta-analysis of the interest rate pass-through.
How Effective is Monetary Policy Transmission? A Meta-analysis on Interest Rate Pass-Through and Speed of Adjustment · 2026 · DOIFurther research could investigate the economic impact of public expenditures in other sectors. Further research could use different methodologies to estimate the economic impact of arms procurement.
The paper notes that households do not perfectly observe current realizations of wages and inflation. The paper assumes that households receive noisy signals of wages and inflation. The paper models the subjective expectations of households and firm managers under limited attention.
The empirical literature on monetary policy transmission to output and inflation remains inconclusive, with varying results stemming from differences in the choice of policy variables and methodologies.
Annual macroeconomic data often contain relatively few observations and limited short-term fluctuations. The true shape of the Phillips curve is not a universal constant but a country-specific attribute. The paper identifies frequent shifts in economies such as France and Italy, likely reflecting a history of localized structural breaks and policy regime changes.
Mathematical Computation of Piecewise Linear Regression with Endogenous Segmentation for Accurate Data-Based Model Building: An Example of the Phillips Curve · 2026 · DOIThe current approaches do not capture gradual shifts in macroeconomic relationships and account for heteroskedasticity across parameters.
The authors note that prior work has focused on the inter-temporal channel that affects the consumption and savings plans of households, but has neglected the intratemporal allocation between consumption and leisure.
The sample period is limited to the availability of the data at the time the dataset was purchased, - The earliest second-by-second data that was available was November 2011 for the dollar/peso exchange rate, - The federal funds rate was stuck at the zero lower bound during the sample…
Most-cited papers in Monetary Policy and Economic Impact
- A Caution Regarding Rules of Thumb for Variance Inflation Factors · Quality & Quantity · 2007 · 9,166 citations
- MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY · Oxford Bulletin of Economics and Statistics · 1990 · 7,812 citations
- Difference-in-Differences with multiple time periods · Journal of Econometrics · 2020 · 7,073 citations
- Testing for Error Correction in Panel Data* · Oxford Bulletin of Economics and Statistics · 2007 · 5,179 citations
- Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors · Oxford Bulletin of Economics and Statistics · 1999 · 5,058 citations
- Spurious regression and residual-based tests for cointegration in panel data · Journal of Econometrics · 1999 · 4,273 citations
- Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy · Journal of Political Economy · 2005 · 4,190 citations
- A Note on the Theme of Too Many Instruments* · Oxford Bulletin of Economics and Statistics · 2009 · 4,151 citations
- Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach · American Economic Review · 2007 · 3,772 citations
- Estimation and Inference of Impulse Responses by Local Projections · American Economic Review · 2005 · 3,712 citations
Most recent work
- The Hitchhiker's Guide to Markup Estimation: Assessing Estimates From Financial Data · Econometrica · 2026
- The two sides of inflation: How price increases and price cuts shape inflation · Economic Modelling · 2026
- The two sides of inflation in Peru: Dynamics and monetary policy transmission · International Economics · 2026
- Planning for business cycle fluctuations in budgeting: The application of innovative data sources and techniques · The British Accounting Review · 2026
- From crisis to crisis: The moderating role of inflation and interest rate on the impact of liquidity on stock returns in selected advanced economies · Borsa Istanbul Review · 2026
- Double Robustness of Local Projections and Some Unpleasant VARithmetic · Econometrica · 2026
- Temporal asymmetries in monetary transmission: Implications for interest rate policies · Journal of Policy Modeling · 2026
- The global transmission of U.S. monetary policy · Journal of International Economics · 2026
- Political Pressure on the Fed · The Review of Economic Studies · 2026
- Strategic repoliticisation: inflation, blame, and the fracturing of democratic accountability in the United States · New Political Economy · 2026
Find a gap in your own Monetary Policy and Economic Impact sub-topic
This page shows what the Monetary Policy and Economic Impact literature already flags as unresolved. To narrow it to your specific question, search the Research Gap Finder: the search is free with a free account and lists the papers closest to your topic first. Unlocking that topic (50 credits, charged once) fills the comparison table from our 7.9M-paper local library and writes the gaps from its rows.
Open the Research Gap Finder →