ECBPaper
Price shock lowers bank credit for energy-intensive firms
A new European Central Bank working paper examines the impact of the 2022 energy price shock on bank lending using Danish firm-level data.
AI Paper Curation
ECBPaper
Paris Agreement falls short as climate risks accelerate
A new European Central Bank working paper reviews global climate governance ten years after the 2015 Paris Agreement.
ECBPaper
Securities losses reduce bank liquidity and tighten corporate credit
A new ECB research bulletin shows that securities losses during the 2022-23 tightening cycle reduced euro area banks' access to secured funding.
HKMAPaper
Geoeconomic uncertainty weighs on Hong Kong corporate investment
A Hong Kong Monetary Authority study reveals that negative corporate sentiment towards geoeconomic uncertainty has rebounded since 2022, prompting exposed firms to curb capital expenditure and hiring.
ECBPaper
Central bank purchases and debt management shape Bund repo specialness
A new European Central Bank working paper analyzes how debt management office interventions and Eurosystem asset purchases jointly affected German government bond repo specialness between 2015 and 2024.
ECBPaper
BOCPaper
AI augmentation pose central bank stabilization challenges
A Bank of Canada working paper published in July 2026 examines how AI augmentation and automation create short-term monetary policy stabilization challenges in a two-speed economy.
BOCPaper
Climate disasters force monetary policy trade-offs in Canada
A Bank of Canada working paper examines how natural disasters act as supply shocks, forcing central banks to balance output and inflation stabilization.
BOCPaper
Partisanship drives macro views while personal finances anchor reality
A new Bank of Canada working paper shows that macroeconomic expectations exhibit sharp partisan reversals around U.S. presidential elections, whereas personal financial expectations remain largely unaffected.
BOCPaper
Payout-linked manager pay drives firm underinvestment
A new Bank of Canada working paper shows that manager compensation tied to total payouts induces endogenous short-termism and underinvestment.
BOCPaper
New model reveals sharp nonlinearity in bank credit provision
A new Bank of Canada staff working paper introduces a strategic stress-testing framework for Canada's Big Six banks.
BDIPaper
Younger professors and female faculty boost student retention
A Bank of Italy working paper examines how faculty age and gender affect university student retention using Italian census data from 2010 to 2021.