BOC
Study: Joint stimulus fueled inflation, hurt inclusion
Macroeconomic policy after a crisis faces a dilemma: prolonged stimulus can foster inclusive labor market recovery but risks igniting inflation.
Paper
BIS
UK payment systems fully consistent with PFMI, CSDs show gaps
A joint report by the BIS Committee on Payments and Market Infrastructures (CPMI) and IOSCO assesses the United Kingdom's implementation of the Principles for Financial Market Infrastructures (PFMI).
BOJ
Demand, credit channel limit US monetary policy tightening effects
A Bank of Japan working paper investigates the U.S. economy's resilience despite rapid Federal Reserve monetary policy tightening since 2022.
BDE
Spanish market unity law shows limited aggregate impact
A Banco de España paper analyzes Spain's Law 20/2013 on market unity, which allows economic operators to challenge unjustified regulatory barriers.
BDF
Retail investors shape greenium, face macroeconomic headwinds
A Banque de France study finds that retail investors significantly influence the greenium in European green bond markets.
SARB
Exchange control manual for dealers updated
The South African Reserve Bank (SARB) has updated its comprehensive Currency and Exchanges Manual for Authorised Dealers.
ECB
Gender pay gap widens at lower end after selection correction
An ECB Working Paper proposes a new method to estimate selection-corrected quantiles of the gender wage gap.
DKNB
Global imbalances: Private savings drive new risks
Global imbalances in trade, income, and capital flows have persisted for 30 years, widening modestly again recently.
BDI
Gulf conflict hits Italian sentiment; inflation expectations stable
The Banca d'Italia's Q1 2026 survey shows a marked deterioration in Italian firms' economic outlook following the Persian Gulf conflict.
BIS
Treasury supply shocks impact yields and private activity
A new BIS study identifies two distinct Treasury supply shocks – debt expansion and maturity adjustment – and their differing impacts on financial conditions and economic activity.
ECB
Reputation key to anchoring inflation expectations
A new ECB working paper develops a model showing how central bank reputation is crucial for anchoring long-run inflation expectations.