BIS
Monetary tightening more effective than easing in euro area
A new BIS working paper finds significant asymmetries in euro area monetary policy transmission.
Paper
BDI
Labor effort crucial for euro area business cycles and inflation dynamics
A Banca d'Italia working paper finds that labor effort plays a significant role in euro area business cycles, outperforming other explanations for procyclical labor productivity.
BDI
Housing markets drive varied monetary policy effects across euro area
A Banca d'Italia working paper by Stefano Pica examines why monetary policy affects euro area member states unevenly.
BDI
Euro area price stickiness during inflation surge quantified
A Banca d'Italia working paper uses CPI microdata from nine euro area countries to document consumer price stickiness during the 2021-2024 inflation cycle.
BDI
Euro area inflation steepens Phillips curve, boosts policy impact
A Banca d'Italia working paper finds that the recent surge in euro area inflation led firms to adjust prices more frequently.
BIS
Post-WWI urban school spending significantly boosted attainment and wages
A new Philadelphia Fed working paper evaluates the impact of early investments in urban school systems in the United States.
SNB
Swiss economy in 2025: Continued easing, moderate growth, low inflation
The Swiss National Bank published its 2025 Annual Report on March 17, 2026, detailing continued monetary easing, moderate economic growth, and low inflation.
SARB
Open banking significantly reduces unbanked individuals in South Africa
A South African Reserve Bank working paper finds that open banking significantly reduces the number of unbanked individuals and increases the use of credit, saving, and insurance services.
BIS
BISTRO model offers flexible macroeconomic time series forecasting
The Bank for International Settlements introduces BISTRO, a general-purpose time series model for macroeconomic forecasting.
BIS
Global markets recalibrate amid geopolitical tensions and AI disruption
The BIS Quarterly Review for March 2026 highlights a recalibration of global financial markets driven by shifting investor sentiment, geopolitical tensions, and the impact of artificial intelligence.
BIS
Migrant networks drive trade expansion through new product relationships
A new working paper from the Oesterreichische Nationalbank (OeNB) finds that immigration significantly boosts trade for OECD countries.