Quality mismeasurement masks true manufacturing productivity growth
A new BIS working paper argues that conventional measures significantly understate manufacturing productivity growth due to a failure to fully capture quality improvements.
A joint workstream by the European Central Bank and the European Systemic Risk Board has published a report defining key concepts and methodologies for measuring bank capital buffer usability and releasability.
A new European Central Bank working paper by Perez-Orive, Timmer, and Van der Ghote revisits the credit channel of monetary policy, finding that multiple financing constraints create an asymmetric transmission.
The Central Bank of Ireland has issued a discussion paper on Distributed Ledger Technology (DLT) and tokenisation in financial services.
A new working paper from the Federal Reserve Bank of Dallas quantifies the inflationary impact of the 2026 Iran War on U.S. headline and core PCE inflation.
A new BIS working paper argues that conventional measures significantly understate manufacturing productivity growth due to a failure to fully capture quality improvements.
A comprehensive Swedish credit register reveals that firms often do not fully utilize available credit lines, even with low interest rates.
A Banco de España working paper finds that models incorporating households' and services firms' inflation expectations significantly improve real-time core inflation forecasting.
Sweden faces a risk of housing supply exceeding demand, particularly in smaller rural municipalities, due to demographic changes and high construction levels.
Artificial intelligence holds significant potential to boost productivity in the Danish economy, though the extent and timing of this impact remain uncertain.
A De Nederlandsche Bank (DNB) working paper examines how dominant payment card networks use rebates to issuing banks to deter new market entrants.
TARGET-Banca d'Italia has published its response to the Financial Stability Board's questionnaire on continuity of access to financial market infrastructures for firms in resolution.