FED
Tight labor markets improve job quality, not just wages
A new Federal Reserve study finds that tight labor markets significantly improve job quality for workers changing jobs.
Paper
ECB
Monetary Analysts Survey: Five years of evolution, insights
The European Central Bank's (ECB's) Survey of Monetary Analysts (SMA) provides valuable information on financial market participants' expectations regarding monetary policy and the macroeconomic outlook.
ECB
EU State aid surges to 1% of GDP, shifts to strategic sectors
State aid expenditure in the European Union has risen sharply in recent years, reaching 1 percent of GDP in 2024.
DKNB
US firms integrate 43% of expected costs into prices
A new Danmarks Nationalbank working paper finds that U.S. firms incorporate 43 percent of expected future costs into their reset prices.
ECB
Monetary policy tightening effects stronger than easing
A new ECB study reveals that monetary policy tightening has stronger effects than easing.
FED
Static capital buffer outperforms complex dynamic rules
A Federal Reserve working paper argues that simple static capital buffers are more effective than complex dynamic rules in preventing excessive bank risk-taking.
FED
Repo market capacity constrains Fed balance sheet size
A new Federal Reserve paper argues that repo market capacity, driven by money market fund liquidity, is the primary constraint on the Fed's balance sheet size.
FED
Fiscal policy transmits abroad through portfolio frictions
This paper studies the international transmission of fiscal policy and its impact on the real exchange rate (RER) and net exports.
FED
US business counts diverge by 1.6 million
A new Federal Reserve working paper documents a 1.6 million gap between the Bureau of Labor Statistics and Census Bureau reports on U.S. private sector employer establishments by 2023.
SARB
South Africa plans 'Cash Smart' strategy for payments
The South African Reserve Bank has published a position paper outlining its 'Cash Smart Strategy' to ensure cash remains affordable, accessible, and ethical.
SNB
Fed speech data reveals communication complexity paradox
A new working paper, analyzing over 10,000 Federal Reserve speeches from 1914 to 2024, reveals key trends in central bank communication.