BOC
Fed crisis interventions impact market fear term structure
A new Bank of Canada working paper examines how Federal Reserve crisis interventions impact market fear.
Paper
ECB
Carbon pricing causes employment decline, especially in polluting jobs
An ECB Working Paper estimates that a 1% increase in EU-ETS carbon prices leads to a 0.2% decline in aggregate employment after 18 months.
BIS
Corporate bond market evolution: Electronic trading cuts capital cost
A Philadelphia Fed working paper analyzes the evolution of the U.S. corporate bond market, focusing on dealer balance sheet costs, electronic trading, and mutual fund growth.
ECB
Private credit stress: limited direct euro area exposure
Recent stress in global private credit markets, particularly in the US, has raised concerns about financial stability risks.
BIS
EMEs adapt policy to shifting capital flows, global finance
Emerging market economies (EMEs) are navigating a rapidly evolving global financial landscape, marked by structural changes in capital flow dynamics and the growing role of non-bank financial institutions.
BOC
Climate change alters US income inequality, varied by state
A Bank of Canada working paper explores the effects of climate change on income inequality in the United States.
BOE
Digitalization boosted firm performance during pandemic
A Bank of England working paper finds that firms with pre-pandemic digital investments significantly outperformed less digitalized peers during the Covid-19 crisis and recovery.
BOE
Confidence measures explain European unemployment dynamics
A Bank of England working paper finds that confidence measures capture non-technological news shocks, explaining 50 percent of European unemployment variance.
BOE
1980s UK overfunding policy informs quantitative tightening
A new Bank of England working paper provides the first in-depth empirical assessment of Britain's 1980s 'overfunding' policy.
BDF
Inflation controlled, financial system resilient in 2025
The Banque de France's 2025 annual report highlights successful inflation control and a resilient financial system.
FED
Press conferences predict future Fed policy, study finds
A new Federal Reserve Board paper uses large language models to quantify central bank communication, demonstrating that press conferences correlate more strongly with future policy than FOMC statements.