Lena Boneva

L e n a B o n e v a

E c o n o m i s t, S w is s N a t i o n a l Ba n k a n d C E P R

Monetary Policy Analysis Division

lenaboneva (at) gmail.com

Research interests: applied econometrics, monetary economics, climate change

P u b l i c a t i o n s:

"The Impact of corporate QE in liquidity: evidence from the UK", with David Elliott, Iryna Kaminska, Oliver Linton, Nick McLaren and Ben Morley, 2022, Economic Journal, forthcoming. BOE staff working paper.

"Climate change and central banks: what role for monetary policy?" with Gianluigi Ferrucci and Francesco Mongelli, Climate Policy, 22:6, 2022, 770-787.

"Firms' price, cost and activity expectations: evidence from the micro data", with James Cloyne, Martin Weale and Tomasz Wieladek, Economic Journal, forthcoming. CEPR discussion paper.

"Forecasting the UK economy: alternative forecasting methodologies and the role of off-model information", with Nicholas Fawcett, Riccardo Masolo and Matt Waldron, International Journal of Forecasting, 2019, 100-120. Bank of England staff working paper.

"Threshold-based forward guidance", with Richard Harrison and Matt Waldron, Journal of Economic Dynamics and Control, 2018, 138-155. Bank of England staff working paper.

"A discrete choice model for large heterogeneous panels with interactive fixed effects with an application to the determinants of corporate bond issuance", with Oliver Linton, Journal of Applied Econometrics, 2017, 1-18. Bank of England staff working paper.

"Some unpleasant properties of log-linearized solutions when the nominal rate is zero", with Toni Braun and Yuichiro Waki, Journal of Monetary Economics, 84, December 2016, p. 216-232. Bank of England staff working paper.

"The effect of unconventional monetary policy on inflation expectations: evidence from firms in the United Kingdom", with James Cloyne, Martin Weale and Tomasz Wieladek, International Journal of Central Banking, 12:3, September 2016, p. 161-195. Bank of England external MPC unit discussion paper.

"The effect of fragmentation in trading on market quality in the UK equity market", with Oliver Linton and Michael Vogt, Journal of Applied Econometrics, 31:1, January/February 2016, p. 192-213. SSRN working paper.

"A semiparametric model for heterogeneous panel data with fixed effects", with Oliver Linton and Michael Vogt, Journal of Econometrics, 188:2, October 2015, p. 327-345. Cemmap working paper.

"Asymmetry in government bond returns", with Ippei Fujiwara and Daisuke Nagakura, Journal of Banking and Finance, 37:8, August 2013, p. 3218-3226. SRRN working paper.

"New Keynesian dynamics in a low interest rate environment", with Toni Braun, Journal of Economic Dynamics and Control, 35:12, December 2011, p. 2213-2227. IMES working paper.

W o r k i n g p a p e r s:

"Financial markets and green innovation" with Philippe Aghion, Johannes Breckenfelder, Luc Laeven, Conny Olovsson, Alex Popov and Elena Rancoita, ECB working paper.

"The Impact of the Bank of England's Corporate Bond Purchase Scheme on yield spreads", with Calebe de Roure and Ben Morley, Bank of England staff working paper.

"Liquidity in the German corporate bond market: has the CSPP made a difference?" with Mevlud Islami and Kathi Schlepper, Bundesbank Discussion Paper.

W o r k i n p r o g r e s s:

"Dealer balance sheets and bidding behavior in the Bank of England`s QE reverse auctions" (with Jakub Kastl and Filip Zikes).

"Conventional monetary policy during COVID and the U.S. Treasury market" (with Johannes Graeb, Jonas Jensen and Steffi Weidner)

The views expressed on this webpage are my personal views and not those of the Swiss National Bank.