FED
Paper
LCR buffers, not levels, enable bank credit during stress
A Federal Reserve paper finds that banks with higher Liquidity Coverage Ratio (LCR) buffers provided more credit to firms during the COVID-19 crisis.
AI Paper Curation
BOE
Paper
Fan charts mitigate de-anchoring of inflation expectations
A new Bank of England working paper finds that communicating forecast uncertainty via fan charts helps stabilize public inflation expectations.
BOE
Paper
Oil shocks amplify UK inflation above 3.1% threshold
A new Bank of England paper identifies inflation thresholds in the UK, finding that dynamics change once year-on-year CPI inflation rises above 3.1 percent.
BOE
Paper
Behavioral expectations improve DSGE/HANK model accuracy
A new Bank of England working paper introduces a flexible method to incorporate behavioral expectations into DSGE and HANK models.
FED
Paper
Foreign financial vulnerabilities amplify US downside growth risk
A new Federal Reserve paper introduces a Transmission Growth-at-Risk (TGaR) framework, revealing how foreign financial vulnerabilities shape U.S. downside growth prospects.
FED
Paper
FED
Paper
Demand shocks create firm uncertainty, amplify business cycles
A new Federal Reserve study examines how firm-level uncertainty arises over the business cycle and influences aggregate economic activity.
DNB
Paper
Banks can finance EU priorities, but risk-sharing is key
The European Union faces annual investment needs of around €1.2 trillion for strategic priorities like the green transition, digitalisation, and higher defence spending.
BOE
Paper
Iran war drives UK curve risk premia, not rate hikes
Bank of England staff estimated a term structure model to separate near-term risk premia from central expectations for Bank Rate.
CBR
Paper
Corporate portfolio growth slows, mortgage lending accelerates in June
Corporate portfolio growth in Russia's banking sector slowed to 0.4 percent in June, while mortgage lending significantly accelerated to 1.0 percent.
FED
Paper
Hidden corporate debt distorts leverage, impacts investment
A new Federal Reserve paper documents two forms of off-balance-sheet leverage in nonfinancial corporations: operating leases (pre-2019) and intra-period borrowing.
BDI
Paper
Social, governance data refine small firm default risk
A Banca d'Italia working paper finds that social and governance indicators enhance default risk assessment for Italian non-financial corporations.