A new Bank of England working paper demonstrates that optimal monetary policy and exchange rate frameworks are critically dependent on an economy's commodity exposure.
A new Bank of England working paper reveals that flooding significantly increases business termination risk for small and medium-sized UK firms.
A new Bank of England working paper finds that minimum capital requirements, designed to prevent moral hazard, actively support banks' investment in process innovation.
A new Bank for International Settlements working paper finds that the Credit Suisse failure in March 2023 weakened bail-in credibility across Europe.
A new Federal Reserve paper finds that learning in macroeconomic models converges to rational expectations equilibrium (REE) at an extraordinarily slow pace.
A new Federal Reserve study finds that household consumption does not directly respond to changes in interest rates.
A Banca d'Italia working paper applies Siamese Networks, an AI neural network model, to automate banknote quality control.
A Bank of Russia study reveals global systemically important banks (G-SIBs) react asymmetrically to Basel III capital buffer adjustments.
This paper proposes a vector autoregression augmented with nonlinear factors, modeled nonparametrically using regression trees.
A Norges Bank working paper finds that contractionary monetary policy shocks lead to a gradual and persistent decline in inflation in Norway.
A Bank of Japan working paper finds that office rents in Japan depreciate at a consistent rate of 1.4% annually for about 25 years.