BOJ
Floods impair Japanese banks, collateral value drives losses
A Bank of Japan working paper finds that floods impair Japanese banks' asset quality and profitability, though the overall impact is limited.
Paper
NORGES
Transatlantic divide in labor shares driven by technology and institutions
A Norges Bank working paper documents a transatlantic divide in labor income share dynamics between Europe and the United States from 1960 to 2023.
BOJ
Japan: Stronger link between wage and price expectations
A Bank of Japan working paper reveals a strengthened link between Japanese households' wage growth and price inflation expectations.
BOJ
Internalization, corporate caution shape Japan's FX market trends
The Bank of Japan's review of the 2025 BIS Triennial Survey highlights unique structural characteristics and factors driving changes in Japan's foreign exchange market.
BOJ
Typhoon Hagibis caused land price declines beyond flood zones
A Bank of Japan working paper finds that land prices in inundated areas declined 10 percent after Typhoon Hagibis, with spillover effects extending up to 800 meters beyond flood boundaries.
BIS
Financial conditions impact money elasticity in production networks
A new Bank for International Settlements working paper explores how financial conditions influence money elasticity and firm activity within production networks.
ECB
AI architecture shapes financial stability outcomes
A new ECB research bulletin finds that the design of artificial intelligence algorithms fundamentally influences financial stability.
BOJ
Life insurers' evolving models pose financial stability questions
A Bank of Japan review compares the evolving business models and financial stability issues of life insurers in Japan, Germany, the United Kingdom, and the United States.
BIS
Learning central bank strategies at effective lower bound
A new BIS working paper examines how private sector agents learn new monetary policy strategies introduced at the effective lower bound (ELB) in an environment with large inflationary and deflationary shocks.
BIS
Home attachment drives US internal migration decline
A new FED study reveals that the declining trend in U.S. internal migration is primarily driven by increasing home attachment in "fast locations," areas characterized by high population turnover.
BDF
Gas price shock accelerates European industrial shift
The 2022 gas price shock significantly impacted European industry, accelerating a pre-existing restructuring towards less energy-intensive sectors.