BOC
Survey fatigue reduces financial literacy scores by 5-15 percent
A Bank of Canada staff working paper finds that survey fatigue significantly reduces financial literacy scores.
Paper
RIKSBANK
Riksbank's 2025 policy review: Rate cuts secured inflation, aided recovery
The Riksbank's annual Account of Monetary Policy for 2025 concludes that inflation target fulfillment was relatively good.
ECB
ECB introduces robust method for integrating external forecast data
A new European Central Bank working paper introduces 'parametric tilting,' a robust methodology for integrating external information into econometric model-based density forecasts.
BDE
Spanish pension funds show negative returns after fees
A Banco de España paper analyzes the financial performance of Spanish individual pension funds.
DKNB
Market segmentation leads to overestimation of productivity misallocation
A new Danmarks Nationalbank working paper argues that industry-level measures overestimate productivity misallocation by 27 to 36 percentage points.
BOC
Monetary policy shocks affect neutral rate but not its long-term decline
A Bank of Canada staff working paper finds that monetary policy shocks significantly affect the neutral rate of interest and trend GDP growth.
BOC
R-package MSTest streamlines Markov switching model testing
The Bank of Canada has released MSTest, an R-package designed for hypothesis testing procedures in Markov switching models.
BDF
EU regions exhibit substantial heterogeneity in income smoothing capacity
A Banque de France working paper finds that EU households smooth approximately 30 percent of wage shocks, with significant regional variations.
BDE
AI-powered indicators quantify economic uncertainty from news
Researchers at the Banco de España have developed Retrieval-Augmented Uncertainty Indicators (RAUI), a new methodology using AI and newspaper data to generate topic-specific economic uncertainty measures.
FED
Fed Chairs' consistent arguments for monetary policy independence (1951-2006)
A new Federal Reserve paper explores the historical practice of U.S. monetary policy independence from 1951 to 2006.
BDF
Global economic cycles show price-quantity decoupling over 70 years
A new 70-year dataset reveals that global economic synchronisation primarily affects asset prices, while real economy variables like GDP and credit remain largely decoupled.