CBRPaper
Developer loans rise 5.6 percent to 10.8 trillion rubles
Bank lending to Russian housing developers increased by 5.6 percent in the second quarter of 2026, bringing the project finance portfolio to 10.85 trillion rubles.
AI Paper Curation
BDFPaper
Green bond holdings double to 21.6 billion euros
Green bond holdings at the Banque de France reached 21.6 billion euros in 2025 as the central bank expanded its responsible investment strategy.
FEDPaper
Scenario synthesis links economic narratives to risk distributions
A Federal Reserve working paper presents Scenario Synthesis, a statistical framework that connects narrative scenario analysis with predictive risk distributions.
CBRPaper
Underlying inflation accelerates as H1 GDP rises 0.6 percent
Russian underlying inflation pressures rose across July and August despite transitory supply shocks, while preliminary first-half GDP grew 0.6 percent.
BDEPaper
Policy uncertainty acts as supply shock across Latin America
Domestic economic policy uncertainty shocks reduce GDP by up to 0.4 percent and increase inflation by 0.3 percentage points across five major Latin American economies, according to a Banco de España study covering 2005 to 2025.
CBRPaper
ECBPaper
Policy uncertainty erodes 75 percent of cleantech investment gains
Environmental policy uncertainty eliminates roughly 75 percent of policy-driven gains in United States cleantech greenfield projects, according to an ECB working paper.
FEDPaper
Bank balance-sheet limits drive global risk and dollar appreciation
Global financial intermediary constraints explain why U.S. uncertainty shocks increase worldwide corporate credit spreads, widen currency risk premia, and appreciate the dollar.
FEDPaper
State natural unemployment rates range from 3.3 to 7.5 percent
Federal Reserve researchers Hie Joo Ahn and Jeremy Rudd find that state-level natural unemployment rates across the United States varied between 3.3 percent and 7.5 percent from 1978 to 2025, undermining standard national assumptions in regional Phillips curve models.
BDFPaper
Rural households face 56 percent larger carbon tax welfare losses
Carbon taxation reducing emissions by 10 percent generates 56 percent larger welfare losses for rural households than for Parisians, according to a Banque de France paper.
CBRPaper
Client assets under management reach 35.8 trillion rubles in Q2
Total assets under management across Russian management companies rose 3.3 percent quarter-on-quarter to 35.8 trillion rubles in the second quarter of 2026.
SARBPaper
Severe weather shocks and their effects on inflation
A South African Reserve Bank study of 65 countries from 2000 to 2024 finds that extreme weather shocks drive upstream inflation in food and energy while sparing core prices.