FED
Double inertia rules improve monetary policy fit
A new Federal Reserve study finds that 'double-inertial' Taylor rules significantly improve the explanation of U.S. monetary policy gradualism.
Paper
CBR
Input-output networks determine shock spread
A Bank of Russia working paper by Yakov Morozov explores how input-output linkages affect the propagation of supply and demand shocks.
CBR
Fake date tests reveal LLM biases in macro forecasts
A Bank of Russia working paper introduces "fake date tests" to evaluate biases in large language models' (LLMs) macroeconomic forecasts.
CBR
G-SIB capital rules fail to curb brown lending growth
A Central Bank of Russia working paper finds that global systemically important banks (G-SIBs) increase brown lending when capital buffers are reduced.
CBR
Russian firms' TFP grew 5% in 2018-2023, efficiency key
A Bank of Russia working paper finds Russian firms' total factor productivity grew cumulatively by 5% between 2018 and 2023.
BOC
Optimal policy mix for heterogeneous households
A new Bank of Canada staff working paper examines the optimal coordination of conventional and unconventional monetary policy in economies with heterogeneous households and mortgage debt.
FED
Tariffs raise prices, cut spending for US households
A Federal Reserve study estimates that 2025 U.S. tariffs led to a 1-2 percent price increase and a roughly 4 percent drop in household spending.
BIS
Capital, liquidity rules stabilize stablecoins
A new Bank for International Settlements working paper models how capital and liquidity thresholds can enhance stablecoin stability.
BDE
BDE portfolios show improved climate quality, green bonds rise
The Banco de España has published its annual report on the climate-related aspects of its non-monetary policy portfolios.
ECB
EU's intangible ICT investment gap slows growth
A new ECB working paper finds that the European Union's lower investment in intangible and tangible ICT capital explains part of its productivity gap with the United States.
BIS
Global banks grapple with ICT risk, practices diverge
The Basel Committee on Banking Supervision (BCBS) published a report on the range of information and communication technology (ICT) risk management practices across global banks.