The absence of evidence and the evidence of absence – an algorithmic approach for identifying operational outages in TARGET2 Glowka M., Paulick J., Schultze I.

The role of liquidity constraints in the response of monetary policy to house prices Kajuth F.

Trend Inflation in Advanced Economies Garnier C., Mertens E., Nelson E.

Economic uncertainty before and during the COVID-19 pandemic Altig D., Baker S., Barrero J. M., Bloom N., Bunn P., Chen S., Davis S. J., Leather J., Meyer B., Mihaylov E., Mizen P., Parker N., Renault T., Smietanka P., Thwaites G.

Cheap Talk? Financial Sanctions and Non-Financial Firms Besedeš T., Goldbach S., Nitsch V.

Structural Model for Fluctuations in Financial Markets Anand K., Khedair J., Kuehn R.

Reversal Interest Rate and Macroprudential Policy Darracq Pariès M., Kok C., Rottner M.

Too Connected to Fail? Inferring Network Ties From Price Co-Movements Bosma J., Koetter M., Wedow M.

Listening to the Noise: On Price Efficiency with Dynamic Trading Arnold L., Ruß D.

Purchase and Redemption Decisions of Mutual Fund Investors and the Role of Fund Families Jank S., Wedow M.