Optimal policy mix for heterogeneous households
A new Bank of Canada staff working paper examines the optimal coordination of conventional and unconventional monetary policy in economies with heterogeneous households and mortgage debt.
A Bank of Russia working paper introduces "fake date tests" to evaluate biases in large language models' (LLMs) macroeconomic forecasts.
A Central Bank of Russia working paper finds that global systemically important banks (G-SIBs) increase brown lending when capital buffers are reduced.
A Bank of Russia working paper finds Russian firms' total factor productivity grew cumulatively by 5% between 2018 and 2023.
A new Federal Reserve study finds that 'double-inertial' Taylor rules significantly improve the explanation of U.S. monetary policy gradualism.
A new Bank of Canada staff working paper examines the optimal coordination of conventional and unconventional monetary policy in economies with heterogeneous households and mortgage debt.
A Federal Reserve study estimates that 2025 U.S. tariffs led to a 1-2 percent price increase and a roughly 4 percent drop in household spending.
A new Bank for International Settlements working paper models how capital and liquidity thresholds can enhance stablecoin stability.
The Banco de España has published its annual report on the climate-related aspects of its non-monetary policy portfolios.
A new ECB working paper finds that the European Union's lower investment in intangible and tangible ICT capital explains part of its productivity gap with the United States.
The Basel Committee on Banking Supervision (BCBS) published a report on the range of information and communication technology (ICT) risk management practices across global banks.
A new Federal Reserve Bank of Cleveland working paper by Hugh Montag and Randal J. Verbrugge proposes an implicit-contracts theory to explain the notorious stickiness of continuing-tenant rents.