ECBPaper
EU monetary financing ban protects price stability, ECB paper finds
The EU prohibition of monetary financing remains stricter than pre-EMU rules or US and UK frameworks, an ECB paper finds.
AI Paper Curation
BOJPaper
Downstream investment and lead firms shape supplier wages and capital
A Bank of Japan study reveals that Japanese manufacturing firms adjust capital investment and regular wages based on downstream customer activity and lead firms within supply chains, while temporary foreign demand shocks induce synchronized bonus payouts across production networks.
ECBPaper
Labour market reforms boost private investment by 5 percent
Major labour and product market reforms boost real private investment by 5 percent and 3 percent respectively over six years, according to ECB research.
FEDPaper
Pre-planned projects drive two thirds of Opportunity Zone growth
A Federal Reserve study reveals that state governors prioritized census tracts with pre-existing construction planning for Opportunity Zone designation.
BISPaper
Shift to domestic debt raises African interest burdens to 14 percent
African economies face mounting debt service burdens as higher interest rates on domestic currency borrowing offset recent fiscal gains.
ECBPaper
ECBPaper
Rate hikes trigger year-long decline in firm hiring expectations
A 25 basis point contractionary monetary policy surprise reduces the net balance of firm hiring intentions by 13 percentage points immediately, according to a European Central Bank working paper based on survey data from 9,000 German firms.
BISPaper
ForeComp package controls size distortion in forecast comparisons
Researchers from the Federal Reserve Bank of Philadelphia and Baltimore Orioles introduced ForeComp, an R package designed to correct small-sample size distortions in Diebold-Mariano forecast evaluation tests using fixed-smoothing asymptotics.
BISPaper
Spreading inventions drive 40 percent of productivity decline
A working paper published by the Federal Reserve Bank of Philadelphia reveals that US inventions have become increasingly dissimilar over the past two centuries.
BDFPaper
Real estate pledgeability drives sectoral credit misallocation
A new Banque de France working paper by Aurélien Espic shows that differences in asset pledgeability cause sectoral credit misallocation.
BCRAPaper
Argentine inflation slows to 1.9 percent as reserves grow
The Central Bank of Argentina reported that monthly inflation fell to 1.9 percent in June 2026 in its quarterly Monetary Policy Report.
FEDPaper
Endogenous firm planning horizons amplify inflation volatility
Federal Reserve researchers demonstrate that firms dynamically adjust how far ahead to plan when setting prices.